Post Office provides many kinds of services, but some of them are of immense use. India Post offers many savings schemes with various interest rates through a network of 1.5 lakh post offices spread across the country.

People take the route of FD (Fixed Deposit) to save their own savings and income tax. With the convenience of secure investment and easy access to deposited money, people think it is worthwhile to invest in FD.

Most people still believe that investment in the stock market & mutual funds are very risky and avoids investing due to less information. However, people want their savings to grow rapidly. And thus post office comes in mind.
There are …